Jobs Companies FirstRand Third Party Risk Lead

Sobre este puesto de Third Party Risk Lead en FirstRand

FirstRand · Presencial · Johannesburg

Job Description

To oversee the management of third-party and outsourcing risks across FirstRand Group. The role ensures that all third-party relationships are managed in line with the FRG TPRM Risk Framework, SARB Directive 8/2022, King IV governance principles, and Basel operational risk standards. This position also includes managing an operational team responsible for third-party onboarding, risk assessments, and ongoing monitoring. Drive consistency, governance, and performance across all third-party risk activities, ensuring the bank’s third-party ecosystem remains secure, compliant, and aligned to business objectives.
  • Implement and maintain the third-party Risk Management Framework and supporting policies.
  • Conduct and oversee third party due diligence, risk assessments, and ongoing monitoring for all critical and high-risk service providers.
  • Ensure adherence to outsourcing standards, including service level agreements (SLAs), key risk indicators (KRIs), and performance metrics.
  • Work with Enterprise Risk management, Legal, Compliance, Procurement, Information Security, and Business Units to ensure comprehensive third-party governance.
  • Review and challenge third-party risk assessments conducted by business units to ensure completeness and consistency.
  • Support the Group Outsourcing Committee and Risk Committees with periodic reports and escalation of material risk issues.
  • Lead and manage a team of operational analysts and coordinators responsible for third party-risk reviews, contract compliance, and onboarding activities.
  • Allocate workloads, monitor deliverables, and ensure quality and timeliness of outputs.
  • Drive a culture of accountability, collaboration, and operational excellence.
  • Develop and mentor staff to build capacity and enhance third-party risk capability across the team.
  • Continuously improve tools, templates, and workflows for greater efficiency.
  • Ensure compliance with SARB outsourcing directives, King IV, and Basel operational risk standards.
  • Support internal and external audit reviews, ensuring timely remediation of findings.
  • Maintain comprehensive documentation and audit trails for all third-party governance activities.
  • Stay abreast of regulatory developments and industry best practices in third-party risk management.
  • Ensure Policies and procedures are current and UpToDate.
  • Build strong relationships with business units, risk teams, and service providers to support proactive risk identification and mitigation.
  • Engage with key internal stakeholders to communicate risk insights and develop pragmatic risk treatment plans.
  • Represent Third-Party Risk at governance and steering committee meetings when required.

 

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

25/09/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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Sobre FirstRand

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The Fir

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